ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Update

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 33,229 shares, an increase of 16,514.5% from the April 15th total of 200 shares. Based on an average trading volume of 32,997 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.4% of the shares of the stock are short sold.

ProShares Short 7-10 Treasury Price Performance

ProShares Short 7-10 Treasury stock traded up $0.10 during midday trading on Monday, reaching $28.30. The company’s stock had a trading volume of 1,691 shares, compared to its average volume of 14,376. ProShares Short 7-10 Treasury has a fifty-two week low of $27.42 and a fifty-two week high of $30.05. The stock’s 50 day simple moving average is $28.02 and its 200 day simple moving average is $27.91.

Institutional Investors Weigh In On ProShares Short 7-10 Treasury

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in ProShares Short 7-10 Treasury by 61.9% in the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 8,078 shares during the period. Royal Bank of Canada lifted its holdings in ProShares Short 7-10 Treasury by 4,280.9% in the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after acquiring an additional 21,019 shares during the period. Finally, LPL Financial LLC acquired a new stake in ProShares Short 7-10 Treasury in the fourth quarter valued at $785,000.

ProShares Short 7-10 Treasury Company Profile

The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.